Pump prices lower at oil retailers

ALL oil retailers in Singapore have gone into reverse gear and lowered pump prices this week, but petrol prices remain above S$3 per litre after the cuts.

According to petrol and diesel price tracker Fuel Kaki, all retailers have cut their pump prices by between S$0.04 and S$0.14, with the smallest and largest reductions by Shell.

Esso made the first move to lower pump prices on Monday (Mar 14) evening when it dropped its diesel price by S$0.05 to S$2.84, and its 3 petrol products by S$0.11, each to a range of S$3.05 to S$3.56.